EU Tag

Throughout the negotiations over Britain’s departure from the EU, there has been plenty of talk about hard and soft borders. Mostly this has centred on the frontier between Northern Ireland and the Irish Republic. But there is another soft border that has attracted rather less attention;

Chancellor Philip Hammond will tell European leaders that it is in the "mutual interest" of both the UK and the EU to include financial services in a free trade agreement.
In a speech, Mr Hammond will set out his argument against "sceptics", saying it is possible

The UK is ready to set out its vision for how it wants financial services to operate after Brexit and favours an ambitious “mutual recognition” of regulations to preserve the City of London’s access to the EU.
Under Britain’s proposal, the UK and the EU would

The City of London’s policy chief has raised concerns that the EU “isn’t signalling receptive messages” on financial services, but has suggested the EU’s unity may deteriorate as negotiations progress.
Michel Barnier has drawn criticism from the UK for saying that financial services could not be

The UK's financial watchdogs are considering new guidelines for firms that operate algorithmic trading systems, having found that some are falling short in their oversight of these complex strategies.
The Financial Conduct Authority and the Prudential Regulation Authority — part of the Bank of England —

Government papers leaked to Buzzfeed have today revealed that the UK may be worse off no matter what Brexit deal is reached with the EU.
The papers indicate that under a comprehensive free trade agreement with the EU, the UK economy would be 5% lower over the

In advice published in it's online resource, PwC has insisted that the UK's pre-eminence in the fintech sector is unlikely to change:
It’s also important to stress that London’s pre-eminence in the FinTech space is the result of a number of disparate factors, many of which

Financial technology firms were supposed to start breaking into mainstream banking this month when new rules forced Britain’s nine big banks to loosen their grip on the industry.
But many fintech companies are still waiting with frustration on the sidelines after the banks delayed making the

Harry Wilson has written a piece for The Times on Brexit:
If Donald Trump wants a trade war then he could hardly ask for a better ignition switch than Brexit. At present things are shaping up to get rough between the UK and the European Union over

Prime Minister Theresa May will meet executives from major finance companies on Thursday to give them a clearer idea of what Britain’s European Union exit will mean for them.
There are concerns that Brexit threatens London’s status as the financial capital of Europe and that banks